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Basic concepts & blockchain functioning

PREVIEW

Thursday, 10 December, 2020 at 14:12 GMT
When starting to study blockchain development, you need to familiarize yourself with the main concepts. First of all, these are terms such as blockchain, decentralization, consensus mechanism, Ethereum, and smart contracts. Do you want to become a blockchain developer? Then, be...
Drug gangs in latin america are using bitcoin to avoid detection

INVESTIGATIONS

Wednesday, 9 December, 2020 at 12:58 GMT
Bad actors in Latin American countries are using digital currencies like Bitcoin (BTC) to evade or conceal their illegal activities. Especially in Mexico, the local authorities informed that criminal syndicates in the country are increasingly adopting digital currencies to...
Hackers demand $34m bitcoin ransom from taiwanbased foxconn

WARNINGS

Tuesday, 8 December, 2020 at 06:15 GMT
Ransomware attacks are another cyber-threat increasing rapidly in the past weeks. One of the latest victims is Foxconn, a Taiwanese multinational electronics contract manufacturer. The attackers are demanding a Bitcoin ransom worth millions of dollars to return stolen and...
China to test payments for cbdc

INDUSTRY

Monday, 7 December, 2020 at 14:50 GMT
China will test tap payments for its CBDC, digital yuan, this Friday, December 11. The new feature allows users to send digital currency without an internet connection. China’s central bank digital currency (CBDC) trials have heated up in recent months as the country seeks to...
13 ico scams that fooled thousands

WARNINGS

Sunday, 6 December, 2020 at 10:04 GMT
Using blockchain technology, initial coin offerings have become an alternative means of acquiring funding for business projects using the new, evolving digital financial market for tokens. In contrast to initial public offerings, which are governed by strict legal regulations,...
Plasmapay vs paypal for paying with crypto

INDUSTRY

Saturday, 5 December, 2020 at 07:55 GMT
In a symbolic move that highlighted the progress cryptoassets have made in recent years, PayPal announced last week that it would make cryptoassets such as Bitcoin and Ethereum available to its 346 million users. This is an important step for the space, and will both increase...
German bank hauck & aufhauser to launch cryptocurrency fund

INDUSTRY

Friday, 4 December, 2020 at 09:53 GMT
All professional and semi-professional can invest through the fund in a diversified crypto assets portfolio comprising of Bitcoin, Ether, and Stellar. ...
Ethereum 2 still has a long road ahead

INDUSTRY

Thursday, 3 December, 2020 at 06:32 GMT
Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2. ...
Authorities cut off power for china’s yunnan btc miners

INDUSTRY

Tuesday, 1 December, 2020 at 07:51 GMT
Local media reports reveal that electricity producers in Yunnan, China’s fourth-biggest province by Bitcoin hash rate, have been compelled to stop providing power to crypto miners. Authorities from the city of Baoshan are increasing their efforts to crack down on bitcoin...

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